The amending protocol to the 2011 income and capital tax treaty between Cyprus and Germany entered into force on 8 December 2021. The protocol, signed 19 February 2021, is the first to amend the treaty and includes the following changes:

• The preamble is replaced in line with OECD BEPS standards;
• Article 7 (Business Profits) is replaced with updated provisions in line with OECD standards;
• Artic…